Entries by synecticgroup

6 business plan mistakes that turn investors away

Credit reporting and receivables management company, Dun & Bradstreet (D&B), has found that new or inexperienced entrepreneurs often send business plans to potential investors before their plan is fully completed or vetted. Here are some common mistakes that D&B says too many business owners make when developing a business plan; and they are turning potential investors […]

Auditors: An SMSF essential

Auditors play a crucial role in the compliance regime of self managed superannuation funds (SMSFs). The legislation that governs the SMSF sector requires that accounts, statements and all compliance needs of an SMSF be audited every year by an “approved auditor”*.

SMSFs investing in property: Tips and traps

Many SMSF trustees contemplate investing in real property as part of the fund’s investment strategy. However, a Tax Office notification has raised concerns that some trustees may not fully consider the risks and issues associated with holding a real property investment and how this can affect other aspects of the fund, such as benefit payments.

Welcome Danny Hoare – another reason you can count on us

We are pleased to announce the appointment of Danny Hoare as a Senior Manager in our Launceston office. Danny has a special interest in helping clients to use technology to gain a competitive advantage. He is a Xero Certified Adviser. We are delighted to have Danny’s business advisory, tax and cloud accounting expertise on our team. If you would […]

Continuing to lead the accounting profession with new CAANZ appointment

Synectic are proud to acknowledge director Ben Coull‘s appointment as the 2015-16 Chair of the Tasmanian Regional Council of Chartered Accountants Australia & New Zealand (CAANZ). Ben takes on this role at an exciting time, with the amalgamation of the two trans-Tasman chartered accounting bodies recently being bedded down. The new Chartered Accountants ANZ body has […]